BlackRock Municipal Income Quality Trust (NYSE:BYM) Plans $0.06 Monthly Dividend

BlackRock Municipal Income Quality Trust (NYSE:BYM) declared a monthly dividend on Monday, November 3rd. Investors of record on Friday, November 14th will be given a dividend of 0.0555 per share on Monday, December 1st. This represents a c) annualized dividend and a dividend yield of 6.1%. The ex-dividend date is Friday, November 14th.

BlackRock Municipal Income Quality Trust Stock Down 0.8%

BYM stock opened at $10.94 on Tuesday. BlackRock Municipal Income Quality Trust has a 52 week low of $10.06 and a 52 week high of $11.78. The firm’s fifty day moving average is $10.89 and its 200 day moving average is $10.62.

Institutional Investors Weigh In On BlackRock Municipal Income Quality Trust

Institutional investors have recently added to or reduced their stakes in the company. Financial Gravity Companies Inc. purchased a new stake in BlackRock Municipal Income Quality Trust during the 2nd quarter valued at $35,000. Financial Gravity Asset Management Inc. purchased a new stake in BlackRock Municipal Income Quality Trust during the 1st quarter valued at $36,000. Caldwell Trust Co purchased a new stake in BlackRock Municipal Income Quality Trust during the 2nd quarter valued at $74,000. Allworth Financial LP purchased a new stake in BlackRock Municipal Income Quality Trust during the 2nd quarter valued at $103,000. Finally, Nomura Holdings Inc. purchased a new stake in BlackRock Municipal Income Quality Trust during the 2nd quarter valued at $106,000.

About BlackRock Municipal Income Quality Trust

BlackRock Municipal Income Quality Trust is a closed-ended fixed income mutual fund launched by BlackRock, Inc It is managed by BlackRock Advisors, LLC. The fund invests in the fixed income markets of the United States. It primarily invests in investment grade municipal bonds exempt from federal income taxes, including the alternative minimum tax.